Gold and silver prices on July 9: Check latest rates in your city

Gold prices today: In Delhi, ten grams of 22K gold and 24K gold were priced at ₹54,700 and 59,660 respectively.

Published on: Jul 9, 2023, 09:44:00 IST

By HT News Desk

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Gold prices increased by ₹40 across major cities on Sunday. According to website Goodreturns, one gram of 22K gold was being sold at ₹5,455 while one gram of 24K gold was priced at ₹5,951.

In Delhi, ten grams of 22K gold and 24K gold were priced at ₹54,700 and 59,660 respectively. In Mumbai, the price of ten grams of 22K and 24K gold stood at ₹54,550 and ₹59,510 respectively.

What are 24K and 22K gold?

If you are confused about what does ‘K' stand for in terms of gold prices, we shall clear it for you. ‘K’ or karat is the term used to measure the purity of gold. A 24K gold is the purest form of gold with 99.99 per cent purity as it does not contain traces of other metals. On the other hand, a 22K gold contains parts of other metals like copper and zinc. This form of gold is used to make jewellery.

Here are the gold prices for other major cities on July 9, 2023.

A 24K gold is the purest form of gold with 99.99 per cent purity as it does not contain traces of other metals

CITY	22K GOLD PRICE (Rs/10 GMS)	24K GOLD PRICE (Rs/10 GMS)
KOLKATA	54,550	59,510
CHENNAI	54,900	59,940
BENGALURU	54,550	59,510
PUNE	54,550	59,510
CHANDIGARH	54,700	59,660

In India, gold prices are determined on various factors including currency, government policies and exchange rates. If the Indian rupee slides against the US dollar, the price of gold will increase.

Silver price

The price of silver increased by just Re 1 on Sunday. According to website Goodreturns, one gram of silver costs ₹73.30 today. Here are the silver rates for major Indian cities on July 9, 2023.

CITY	SILVER PRICE (Rs/10 GMS)
DELHI	733
MUMBAI	733
KOLKATA	733
CHENNAI	767
BENGALURU	727.50

In India, the price of silver is dependent on the price of gold. If the gold rates increase, the price of silver will surge. The purity grade of fine silver is either 999.9, 999.5 or just 999. For silver alloys, jewellery and artefacts, the purity grade is 970, 925, 900, 835, 800v.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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